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Feb 5, 2013 12:00pm PST
law, it calls for legalized gay marriage to begin in 2014. >>> u.s. government is suing credit rating agency standard & poor's. the justice department says the company gave high ratings to risky mortgage bonds. those bonds then plunged and the value contributed to the 2008 financial crisis. s&p denying wrongdoing. the state attorney general kamala harris this morning filed a separate lawsuit against the s&p. >> our investigation shows that s&p ratings pla role in the mortgage feeding frenzy on wall street. s&p called itself a gatekeeper but acted like a toll collector. >> she says they gave premium ratings to shaking investments including some backed by toxic mortgages that allegedly cost the state's two public pension funds nearly $1 billion and violated several california laws. >>> stocks are rallying one day after the stock market had its worst sell-off of the year. the dow was over 14,000 once again. they are up 122 points and the counting today. >>> president obama is asking congress to head off automatic spending cuts that could hurt the economy if they kick in as schedul
Feb 1, 2013 12:00pm PST
is wanted in that attack. >>> a suicide bombing at the u.s. embassy in turkey has efficients scrambling to find out who is responsible. the bomber killed himself and a turkish guard. the blast blue the door off the hinges, shattered windows at a nearby business, and it was not damaged despite the fatal impact on the outside. >> we are dealing with the sadness at the loss of our fellow member at the ohm but a i is. -- embassy. >>> a woman was injured in the explosion. police think the bomber may have been from a doe -- domestic group. >>> ironically today is hillary clinton's last day as secretary of state. the secretary will have a meeting at the white house and then say good-bye to her staff at a state department before finally leaving. john kerry will be sworn in as the new secretary of state at a private ceremony at the state department. >>> today marks the 10th 10th anniversary of the space shuttle columbia disaster that killed 7 astronauts. it was on his 28th mission. after 16 days in space, it was gliding back to florida when it broke apart in texas due to wing damage t
Feb 6, 2013 12:00pm PST
. the financially troubled u.s. post office says it will go to a five-day delivery schedule by the end of the summer. but as kpix 5 reporter cate caugiran shows us, even that may not be enough. >> reporter: the u.s. postal service delivered the mail under all conditions for the last 150 years. but it no longer has the money to keep delivering on saturdays. the postmaster general announced the cost-cutting schedule change this morning. >> our move to five-day mail delivery also reflects a changing market demand and we are not in a position where we can continue to maintain six- day delivery. >> reporter: starting august 1, letter carriers will no longer deliver first class mail on saturdays. but not all saturday services are ending. packages, mail order medicines, priority and express mail will still go to homes and businesses and post offices will keep their saturday hours. the postal service says its research shows most americans support the change. >> i think that's fine. i usually use the postal service weekdays and it won't affect me. >> for budget purposes, i believe that's the ri
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